Citi 2016 Global Energy & Utilities Conference NYSE: KOS May 2016 Strictly Private and Confidential
Overview Financial Strength to Create Value Through the Cycle High-Quality, Growing Cash Flow from Ghana Opened a World-class basin in Mauritania / Senegal with Significant Oil and Gas Potential Continuing to High-Grade…
Financial Prudence Built financial strength over last five years, entering downturn in strong position Substantial liquidity 1.5 Bn available1 No near-term debt maturities Low leverage1 1.8x Net debt / LTM EBITDAX Disciplined…
Capital Discipline 2016 capital program focuses on growing cash flow from Ghana, maximizing value of Tortue and finding oil in Mauritania / Senegal, and high-grading exploration portfolio 1 Ghana Capex 2016 Capital Budget 650MM 2…
Industry Leader in Basin-Opening Exploration Over the last decade, Kosmos has opened two new petroleum systems with significant follow-on potential along the Atlantic Margins Discovered Resources by Basin Investor Presentation…
Tano Basin Ghana Foundation asset continues to demonstrate world-class quality with growing cash flow Jubilee 1P EUR Ghana asset provides growth with high margin Sustained 100% reserve replacement TEN expected to increase gross…
Outboard Mauritania / Senegal The outboard Cretaceous petroleum system offshore south Mauritania and north Senegal is a super-major scale hydrocarbon province with a world-class gas resource and substantial follow-on potential for both…
Inboard Senegal River Gas Trend 25 Tcf of discovered gas resource along inboard Senegal River fairway of S. Mauritania and N. Senegal with total potential of over 50 Tcf in well-delineated and calibrated sands Charge C12…
Tortue Field We have delineated the Tortue discovery to define a significant gas resource of 15 Tcf Well Results Tortue West Tortue-1 & Guembeul-1 encountered 100 meters of net gas pay A Ahmeyim-2 encountered 78 meters of net…
Monetizing Tortue Good progress being made both above the ground and below the ground QUALITY Deliver 15 Tcf with high resource density, RESOURCE high well deliverability COMPETITIVE Competitive, exible terms contemplating…
Development Strategy Kosmos strategy is founded on opening new basins with significant follow-on potential and accelerating to first production Discovery to First Oil (years)1 Discovery to First Gas (years)2 Avg. of 8 years Avg. of 14…
Evolving LNG Market Growing LNG demand and innovative technology are changing the LNG market LNG Demand by Country for Recent and Likely Market Entrants (MTPA) 180 171 Growing global gas demand 160 140 5% growth in LNG demand…
Teranga-1 Well Results Teranga is a significant gas discovery which maintains our 100% finding success rate and de-risks follow-on gas potential along the inboard Senegal Trend Discovery Summary Teranga-1 Lower Cenomanian Resource…
Forward Program The forward program will focus on gas commercialization and testing the two other independent fairways with oil potential CT / Albian C12 Oil Seismic Prone New 3D seismic acquisition, processing and interpretation…
Suriname Guyana Basin High-graded basin ready for late 2017 / 2018 drilling 11,000 km2 position captures Cretaceous-age, outboard Guyana petroleum system (475 GoM blocks) 1+ BBoe currently identified potential in multiple Deepwater…
Opening the Next Petroleum System Consistent with our counter-cyclical strategy, we are continuing to build and high-grade the exploration portfolio to deliver future success at a time of opportunity Current Portfolio Taking advantage…
Summary Financial Strength to Create Value Through the Cycle High-Quality, Growing Cash Flow from Ghana Opened a World-class basin in Mauritania / Senegal with Significant Oil and Gas Potential Continuing to High-Grade…